
17 April 2024 | 6 replies
Yes correct, on all of that Rehab I can do it all built houses all my life,Work for a sewer excavation company currently sewer mainline needs fixed if I want to flip it $7,000Roof I would redo ($4500) has metal on it now but looks original Vinyl windows ($1500)I haven’t seen inside of it yet, but renters been there 15 years so kitchen remodel $10kAnd then possibly bathroom and flooring.

17 April 2024 | 7 replies
I see your original post is 2 months old.

17 April 2024 | 2 replies
If you are seeking to go back to work, perhaps you're originally employer would take you back as a dispatcher or some other in the building type job until you are recovered enough to get back into your cdl truck job.

15 April 2024 | 12 replies
Original Purchase Price$305,000Down Payment$28,793Closing Costs$11,527Rehab Costs$80,500Mortgage Costs$30,056Utilities$1,275Taxes$2,729Insurance$1,251STR Furnishing$10,142Total Costs$125,953LTR Income$7,000Net STR Income$21,234Total Income$28,234Total Capital Invested$109,246Appraised Value$540,000Loan LTV%70%Loan Amount$378,000Mortgage Balance$325,148Closing Costs$9,805Cash out$43,047Net Capital Invested$66,199Starting Equity$133,207Value Created: $67,008Hours Worked: 595Hourly Wage: $113I was only able to refi at 70% LTV, so I left $66k in the deal.

16 April 2024 | 1 reply
310k x 70% minus repairs and my fee?

17 April 2024 | 13 replies
I keep the CA brokers as I will do some referral work through the course of the year and with price points in CA referral fee's can be 10k plus..

16 April 2024 | 13 replies
Anything that's high priced luxury huge lot sizes, amazing landscaping, bigger garages, and HOA fees is probably A class.

17 April 2024 | 16 replies
I agree with Nathan on doing a monthly pet fee/pet rent instead of a pet deposit, which is refundable.

16 April 2024 | 0 replies
Keep in mind I removed 10% mgmt fee, but kept 10% reserves for Capex and repairs:Cash Flow : $960 Pro forma cap rate of 8.42% (obvs better if you could get my high estimate of $75k rehab down)COC return: 9.6%If any OOS or local KC investors are interested in having detailed analysis and information sent your way, contact me.

16 April 2024 | 9 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.